Ravi Nathani suggests 'buying on dips' in Nifty Energy, cautious on FMCG

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Ravi Nathani suggests 'buying on dips' in Nifty Energy, cautious on FMCG - Business Standard

Quick Summary:

For traders, the best approach during this consolidation is to buy near the support level of 35,575 and sell near the resistance at 37,575.

In summary, the Nifty FMCG index is poised for a period of consolidation in the near term, with a bearish bias.

The Nifty Energy index, following a sharp correction, is currently consolidating within a defined range of 37,575 on the upper end and 35,575 on the lower end.